This website is designed to help you understand Auto Enrolment and the requirements of the new pension regulations that will affect every employer in the UK from 2012 and offer solutions on how to prepare, implement and manage the employer duties associated with the new law.
Countdown to Auto Enrolment:
From October 2012, all eligible workers will be automatically enrolled into a Qualifying Workplace Pension Scheme with compulsory contributions from the employer.
The new laws are part of the Pensions Act 2008, an initiative that was introduced by the Labour Government and now backed by the new Coalition Government.
Early preparation is essential to ensure the changes required to systems, processes and communication materials are identified and all parties, including HR and payroll, fully understand the complex requirements.
Auto enrolment will have an impact on any business that employs staff, whether it’s just 1 person or 1000. The employer duties associated with the new law are both complex and potentially time consuming and costly. Auto Enrolment Solutions provided by Ward Goodman Financial Planning are able to cater for all your company’s requirements to meet the new regulations. With over 70 staff and 30 years experience, we are well placed to help your business prepare, implement and manage the ongoing duties associated with these new reforms.
Use the tabs to navigate the site and learn how auto enrolment solutions can make pension reform manageable for your business with our Jargon Free software programme.
Contact us today to find out how we can help you prepare, implement and manage your business.
Auto enrolment is part of the package of reforms under the Pensions Act 2008; the new government initiative designed to get people saving for their retirement. With the average life expectancy increasing year on year, people potentially could be in retirement for as long as they have worked.
Automatic enrolment into a qualifying workplace pension scheme will mean eligible workers will receive mandatory contributions into their pension by their employer based on qualifying earnings. Minimum overall contributions will need to be made of which the employer must contribute a percentage. Any contribution made by the employee will benefit from tax relief.
Automatic Enrolment Pensions must meet minimum required standards and Auto Enrolment Solutions can advise your company on the most suitable pension scheme for you. Auto Enrolment Solutions is provided by Ward Goodman Financial Planning and with over 30 years experience and more than 70 staff, our team have all the experience and expertise needed to ensure your requirements are met.
Auto enrolment commences in October 2012, initially with the UK’s largest firms and will be phased in over the next five years, eventually every business that employs one or more people will be required to comply with the new legislation. The Pensions Regulator has been given the power to enforce the law and companies will face significant fines and potential criminal charges if they do not comply.
Auto Enrolment Solutions are here to advise on all the processes and mandatory requirements and offer solutions tailored to your business including independent financial advice for the pension scheme, auto enrolment software to manage the compliance and day to day functions, payroll, HR support and administrative support.
